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home / news releases / MO - Cronos Group Strategic Investor Altria May Be About To Buy The Balance

MO - Cronos Group Strategic Investor Altria May Be About To Buy The Balance

Altria Group Inc.
  • Altria owns 42% of Cronos Group.
  • Its warrants to take a majority stake are way out of the money and approaching expiration in early 2023.
  • Cronos Group has an enterprise value of just $900 million and would not have a material impact on Altria's financials.
  • Buying the balance of Cronos Group would fit strategically with Altria.
  • The lack of a scheduled conference call ahead of a filing deadline for Q3 financials points to a potential imminent bid.

For further details see:

Cronos Group Strategic Investor Altria May Be About To Buy The Balance
Stock Information
Company Name: Altria Group Inc.
Stock Symbol: MO
Market: NYSE
Website: altria.com
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